STROLLEX LIMITED

💤Zombieactive
SC444023 · ltd · incorporated 2013-03-04
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-83.2k
book net assets
Opportunity
79/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Other amusement and recreation activities n.e.c.
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (68/100, director aged 76). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 8.8y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 8.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
30 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £83,246
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£24k
~ YoY
Net Worth
-£83k
~ YoY
Current Assets
£27k
~ YoY
Current Liabilities
—
-£83k-£61k-£39k-£17k£5k£27kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£-5.3k£-5.3k
Current assets£27.2k£27.2k
Cash£23.6k£23.6k
Debtors£3.6k£3.6k
Net assets£-83.2k£-83.2k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-12-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-10-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-03-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-11-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-10-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-07-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2017-07-10
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  12. 2016-09-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-03-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-12-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-03-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2014-07-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2014-04-04
    ➖
    CODONA, Raymond resigned
    director
  18. 2013-03-04
    🏢
    Company incorporated
    As STROLLEX LIMITED
  19. 2013-03-04
    ➕
    CODONA, John Alexander appointed
    director
  20. 2013-03-04
    ➕
    CODONA, Raymond appointed
    director

Owner dependency

90/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder age: Director aged approximately 76 — succession pressure is live.

Succession & seller-readiness

88/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 76 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 13 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr John Alexander Codona
Individual · British · DOB 08/1950 · age 76
75–100%
75–100%75-100% shares · 75-100% voting01/07/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Leisure & entertainment · G postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
STEWART TRAVEL LIMITED→
SC400502 · est 2011
£30.04M
£23.36M–£36.72M
£109.39M—3600014y9168y
IF ONLY HOLIDAYS LIMITED→
SC268032 · est 2004
£4.61M
£3.59M–£5.64M
——590021y8569y
AC PROJECTS/ALTERNATIVE CURRENTS LIMITED→
SC400717 · est 2011
£3.2k
£2.5k–£3.9k
——014y9366y
ALLAN GLEN'S SPORTS CLUB LIMITED→
SC117858 · est 1989
——£1.9k—37y8388y
D. & D. AMUSEMENTS LTD.→
SC196522 · est 1999
——£120.9k—26y8368y
FACT THREE→
SC319714 · est 2007
——£168.8k—19y8373y
GREENACRES CURLING LTD.→
SC200546 · est 1999
———120026y8377y
IN EXTREMIS LIMITED→
SC142085 · est 1993
——£61.2k—33y8361y
SCOTTISH JEWISH ARCHIVES CENTRE→
SC210878 · est 2000
——£120.5k—25y8379y
SCOTTISH NATIONAL MEMORIAL TO DAVID LIVINGSTONE TRUST→
SC016172 · est 1930 · no financials extracted
————95y8375y
THE ANTONINE SPORTS CENTRE→
SC144453 · est 1993
——£199.7k—32y8386y
THE GLADIATOR PROGRAMME LIMITED→
SC214238 · est 2000 · no financials extracted
————25y8374y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2013-03-04
Jurisdictionscotland
Primary SIC93290 — Other amusement and recreation activities n.e.c.

Registered office

Radleigh House 1 Golf Road
Clarkston
Glasgow
G76 7HU

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-05
Last: 2026-02-19

Officers (1 active · 1 resigned)

CODONA, John Alexander→
director · ~76y · appointed 2013-03-04
View their other companies + combined net worth →
Active
CODONA, Raymond→
director · ~81y · appointed 2013-03-04 · resigned 2014-04-04
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
HSBC
Hsbc Bank PLC
A registered charge1 property10/07/2017—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (30 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-02
accounts-with-accounts-type-dormant
accounts · AA
2025-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-03-18